CF Merchants
We checked CF Merchants against the AskCheck register. It has been reported (2021) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
CF Merchants claims to be registered and regulated in many Jurisdictions, including Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) and the UK’s Companies House (CH). However, both SVG FSA and CH don’t issue any licenses for forex trading or brokerage nor do they regulate, monitor, supervise or license international companies engaging in such activities. Besides, the UK's regulator that approves licenses for the brokers is called Financial Conduct Authority (FCA). The truth is, BrokersView didn't find any information about its regulation from FCA. So currently CF Merchants is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report CF Merchants.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.